XTM is your company Historical exploration on the Itchen property between 1960 and 1993 by previous operators, including Canico and Echo Bay Mines, resulted in the identification of 74 gold occurrences within banded iron formation (BIF) along about a 40km strike length that is geologically similar to that found at Lupin
2. Sixty-six drill holes are reported to have been completed on the property, however to date, detailed information has been located for only 19 of them. Highlights of this past work include:
- R61 showing: 200 m long and up to 4.2 m wide. 13 historic grab samples contained gold values ranging from 2.4 to 42.9 g/t
- R87 showing: 12 historic grab samples returned gold values ranging from 3.6 to 75.7 g/t
- Hole 88-19 drilled on the R87 showing intersected 2.8 m grading 11.9 g/t gold.
In 2012, HTX completed two sampling programs on a number of the known occurrences, to validate previous assay results. This work confirmed the presence of anomalous to high grade Au mineralization over an estimated strike length of 11 km. The best assay results obtained from the 102 grab samples collected during the 2012 program are from R61, which range from 0.09 to 59.00 g/t gold (Figure 2). The mineralization is hosted within a linear to tightly folded sulphide-bearing BIF of the Contwoyto Formation that can vary from <1m up to 50m in width.